Laserfiche WebLink
r� <br />that the overall budget will increase 3.66% and the General Fund <br />budget will increase 2.40%. Due to the shift in state aid from <br />cities to school districts the property tax levy will increase <br />25.56%. Pursuant to Truth In Taxation legislation once the <br />budget and levy is certified to the County neither may be <br />increased; however, they are permitted to be lowered. A public <br />hearing on the 1990 budget has previously been set for <br />November 27 with a reconvene date of December 11 if necessary. <br />Truth In Taxation legislation states that the budget and <br />property tax levy should be adopted at the public hearing. <br />RECOMMENDATION: Adopt Resolution 2560 Certifying the City's <br />proposed 1990 budget and property tax levy to Ramsey County. <br />V <br />